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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Rapid City, SD
Listed for sale 2 days ago
$ 394,900
ROI
20.3
Cash Flow/m
54- 4 Bed
- 3 Bath
- 1840 sft
Homestead St Lot 2, Rapid City, SD, 57703
Currently Rented
$ 215,000
ROI
25.1Cash Flow/m
318- 2 Bed
- 1 Bath
- 806 sft
23726 Garnet Gulch Rd, Rapid city, SD, 57702
Listed for sale 2 days ago
$ 284,900
ROI
24.0Cash Flow/m
333- 2 Bed
- 1 Bath
- 1012 sft
4023 W Main St, Rapid City, SD, 57702
$ 112,900
ROI
25.6Cash Flow/m
184- 3 Bed
- 2 Bath
- 1165 sft
840 N Spruce St, Rapid city, SD, 57701
Why Invest in Rapid City, South Dakota?
Discover investment properties under $500K in Rapid City, SD, offering strong entry points for cash-flowing rentals. The market features competitive cap rates around 7-8% and steady rental yields. With a stable economy driven by tourism and defense, appreciation averages 4% annually. Renter-occupied housing exceeds 35%, supporting reliable income streams. Low vacancy and growing demand make these properties attractive for long-term holds.
8.5%
Avg. ROI
7.2%
Rental Yield
7.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Investors can expect cap rates of 7-8% and rental yields around 7%, with average monthly cash flow near $450. Appreciation supports 4% annual growth. These metrics hold for single-family and small multifamily properties.
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